company-logo

Manaksia Coated Metals & Industries Limited manufactures and sells coated metal and household products in India and internationally. It offers galvanized steel sheets/coils, and pre-painted steel coils/sheets for various applications, such as construction, white goods, automotive, furniture, containers, and roofing and façade under the Colour Strong, Zingalvo, and Singham brand names. The company also provides mosquito repellent coils, liquid vaporizers, incense, and paper cards, as well as aerosol for mosquitoes and other crawling insects; and manufactures ultramarine blue powder used for fabric whitener. It also engages in trading of agro products. The company was incorporated in 2010 and is based in Hyderabad, India.

Manaksia Coated Metals & Industries Dividend Announcement

Manaksia Coated Metals & Industries announced a annually dividend of ₹0.05 per ordinary share which will be made payable on 2024-10-20. Ex dividend date: 2024-09-13
Manaksia Coated Metals & Industries annual dividend for 2024 was ₹0.05
Manaksia Coated Metals & Industries annual dividend for 2023 was ₹0.03
Manaksia Coated Metals & Industries's trailing twelve-month (TTM) dividend yield is 0.08%

Manaksia Coated Metals & Industries Dividend History

Ex-Div dateDividend amountDividend typePay date
2024-09-13₹0.05annually2024-10-20
2023-08-22₹0.03annually2023-09-28
2021-09-16₹0.03annually2021-10-24

Manaksia Coated Metals & Industries Dividend per year

Manaksia Coated Metals & Industries Dividend Yield

Manaksia Coated Metals & Industries current trailing twelve-month (TTM) dividend yield is 0.08%. Interested in purchasing Manaksia Coated Metals & Industries stock? Use our calculator to estimate your expected dividend yield:

Manaksia Coated Metals & Industries Financial Ratios

P/E ratio31.43
PEG ratio-1.41
P/B ratio2.91
ROE10.30%
Payout ratio0.00%
Current ratio0.00
Quick ratio0.00
Cash Ratio0.00

Manaksia Coated Metals & Industries Dividend FAQ

Does Manaksia Coated Metals & Industries stock pay dividends?
Manaksia Coated Metals & Industries does not currently pay dividends to its shareholders.
Has Manaksia Coated Metals & Industries ever paid a dividend?
No, Manaksia Coated Metals & Industries has no a history of paying dividends to its shareholders. Manaksia Coated Metals & Industries is not known for its dividend payments.
Why doesn't Manaksia Coated Metals & Industries pay dividends?
There are several potential reasons why Manaksia Coated Metals & Industries would choose not to pay dividends to their shareholders:

1. Growth opportunities: Companies, especially in fast-growing industries like technology, reinvest earnings into expansion, R&D, or acquisitions to fuel future growth and increase company value.

2. Tax implications: Not paying dividends can reduce the tax burden on shareholders, who may prefer to defer taxes until selling shares and realizing capital gains.

3. Investor preferences: Some investors prefer companies to reinvest profits for higher long-term returns, particularly those seeking capital appreciation over income.

4. Capital allocation priorities: Companies may allocate cash to pay down debt, fund share buybacks, or invest in projects with higher returns than dividends.

5. Market expectations: In certain sectors, like technology, reinvesting profits for growth and innovation is often prioritized over distributing dividends to shareholders.
Will Manaksia Coated Metals & Industries ever pay a dividend?
The decision for a company to pay dividends depends on various factors including its financial performance, growth prospects, capital allocation priorities, and shareholder preferences. While Manaksia Coated Metals & Industries has not paid dividends historically and has instead focused on reinvesting its earnings for growth, it's ultimately up to the company's management and board of directors to decide whether to initiate a dividend policy in the future.
Is Manaksia Coated Metals & Industries a dividend aristocrat?
Manaksia Coated Metals & Industries is not considered a Dividend Aristocrat. The term "Dividend Aristocrat" is typically used to describe a company in the S&P 500 index that has increased its dividend payouts for at least 25 consecutive years.
Is Manaksia Coated Metals & Industries a dividend king?
Manaksia Coated Metals & Industries is not classified as a "Dividend King". A Dividend King is a company that has managed to increase its dividend payouts for 50 consecutive years or more, which is an even more selective group than the Dividend Aristocrats.
Is Manaksia Coated Metals & Industries a dividend stock?
No, Manaksia Coated Metals & Industries is not considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
How to buy Manaksia Coated Metals & Industries stocks?
To buy Manaksia Coated Metals & Industries you need a brokerage account. Open an account with a reputable brokerage firm that offers access to the stock market. Consider factors such as fees and account minimums.

Place an order: Use the brokerage's trading platform to place an order to buy Manaksia Coated Metals & Industries stock.

Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.